NASDAQ$MBUU

Malibu Boats Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Malibu Boats reported a strong start to fiscal year 2021, driven by high demand and operational excellence.

Malibu Boats, Inc. announced its financial results for the first quarter ended September 30, 2020, with net sales increasing by 5.2% to $181.0 million and net income increasing by 32.1% to $22.0 million.

  • Net sales increased by 5.2% to $181.0 million.
  • Gross profit increased by 14.3% to $45.7 million.
  • Net income increased by 32.1% to $22.0 million.
  • Adjusted EBITDA increased by 28.0% to $36.3 million.

Headline financials

Total Revenue

$181M

Previous: $172M+5.2%
EPS (adj)

$1.13

Previous: $0.83+36.1%
Net (Loss) Income Margin

12.2%

Previous: 9.7%+25.8%
Unit Volume

1.6K

Previous: 1.7K-5.3%
Adjusted EBITDA

$36.3M

Previous: $28.4M+27.8%
Adjusted EBITDA Margin

20.1%

Previous: 16.5%+21.8%
Gross Profit Margin

25.3%

Previous: 23.2%+9.1%
Consolidated Net Sales Per Unit

$111K

No prior period
Capital Expenditures

-$5.43M

Previous: -$10.7M+49.3%
Free Cash Flow

$15.7M

Previous: $5.16M+203.8%
Net Income

$21.1M

Previous: $15.9M+33.0%
Operating Income

$29M

Previous: $22.7M+27.6%
Gross Profit

$45.7M

Previous: $40M+14.3%
Cash & Equivalents

$52.4M

Previous: $32.3M+62.1%
Total Assets

$520M

Previous: $480M+8.4%
Stock-Based Comp

$811K

Previous: $677K+19.8%

Revenue & EPS history

Malibu Boats · Revenue · Quarterly

$181M

Q1 2021+5.2%vs Q1 2020
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Revenue by segment

Malibu Boats · $144M total across 2 segments · Q1 2021

  • Malibu Segment Net Sales
    $99.8M+16.3%
  • Cobalt Segment Net Sales
    $44.5M-11.4%

Forward guidance

For the fiscal full year 2021, Malibu anticipates revenues to grow approximately 20% year-over-year and Adjusted EBITDA margins to approach 20%.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.8%

Avg return

Earnings day

+2.6%

Avg return

5 days after

+2.5%

Avg return

30 days after

57%

28 / 49 earnings

Positive

+18.4%

Q3 2018

Best reaction

-18.2%

Q2 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026-1.1%+9.3%+2.6%
Q2 2026-11.3%-10.2%-25.5%
Q1 2026-12.8%-16.3%-12.8%
Q3 2025+3.7%+9.2%+5.8%
Q2 2025+1.1%-3.0%-13.2%
Q1 2025+4.1%+3.7%+2.7%
Q4 2024+4.4%+3.5%+12.4%
Q3 2024-1.3%+4.2%+16.3%
Q2 2024-18.2%-9.2%-14.5%
Q1 2024-0.7%+3.4%-2.0%
Q4 2023-5.8%-6.2%-8.6%
Q3 2023-1.5%+2.9%-4.1%
Q2 2023+2.1%-3.3%-6.3%
Q1 2023+2.7%+3.9%+11.8%
Q4 2022-5.7%-8.4%-26.3%
Q3 2022+6.5%+14.6%+13.0%
Q2 2022+8.1%+6.3%-2.3%
Q1 2022+3.7%-0.9%-6.5%
Q4 2021-7.5%-11.3%-13.6%
Q3 2021-5.3%-2.6%-11.2%
Q2 2021+1.2%-2.7%+12.7%
Q1 2021-14.0%-8.2%-0.3%
Q4 2020-0.3%-0.2%-13.6%
Q3 2020+15.5%+12.6%+57.2%
Q2 2020+1.9%+1.7%-20.1%
Q1 2020+12.2%+13.6%+14.4%
Q4 2019+7.5%+9.0%+16.0%
Q3 2019+4.4%+1.9%-9.8%
Q2 2019+4.8%+4.5%+2.3%
Q1 2019+16.4%+12.4%+1.4%
Q4 2018+5.4%+5.6%+3.3%
Q3 2018+18.4%+24.3%+29.9%
Q2 2018+11.6%+15.7%+16.4%
Q1 2018-5.4%-9.9%+0.0%
Q4 2017-2.7%+0.7%+20.6%
Q3 2017+0.7%+4.7%+8.3%
Q2 2017+7.8%+12.8%+14.8%
Q1 2017+2.3%+6.5%+23.7%
Q4 2016+9.1%+5.7%+3.7%
Q3 2016-17.3%
Q2 2016+13.9%
Q1 2016+4.6%
Q4 2015-4.1%
Q3 2015+0.1%
Q2 2015-2.3%
Q1 2015+5.0%
Q4 2014-7.4%
Q3 2014-9.7%
Q2 2014-6.2%
Q1 2014
Q4 2013
Q3 2013
Q2 2012
Q1 2012

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